Eric Adams / NYC Token
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 12 → 26. Problems weighed by who is responsible: the subject's own conduct −63, concerns that are not fraud −9.2, problems around the subject, caused by others −3.3; legitimacy credit long-running +8; no established finding that it defrauded anyone, so it stays out of the red band. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -63 |
| Concerns that are not fraud | -9.2 |
| Problems around it, caused by others | -3.3 |
| Long-running | +8 |
| Sum | -2 |
- No established finding that it defrauded anyone, so it stays out of the red band (26 or above).
Score: 26/100 (kept between 0 and 100)
How scoring works →Summary
NYC Token ($NYC) is a Solana-based memecoin launched on January 12–13, 2026, by former New York City Mayor Eric Adams at a Times Square press conference. The token surged to an approximately $540–600 million market capitalization before losing more than 80 percent of its value within roughly 30 minutes, following on-chain movements in which a wallet linked to the token deployer withdrew approximately $2.43–$3.18 million in USDC from the liquidity pool. Adams and the NYC Token team denied any wrongdoing, attributing the liquidity movements to routine market-maker adjustments, while blockchain analytics firms and multiple credible media outlets characterized the pattern as consistent with a 'rug pull.' Adams separately carried a prior federal indictment on bribery and campaign-finance charges — unsealed in September 2024 — that was dismissed with prejudice in April 2025 following a DOJ directive under the Trump administration.
Connected Entities
8 entities · 60 linked investigations- Ethereum→mentioned with→Coinbase(60%)
- Ethereum→mentioned with→Bitcoin(60%)
- Coinbase→mentioned with→Bitcoin(65%)
- Eric Adams / NYC Token→mentioned with→LIBRA Token(80%)
- Meteora→mentioned with→LIBRA Token(80%)
- FTX→mentioned with→Bitcoin(70%)
- Meteora→mentioned with→Solana(80%)
- Eric Adams / NYC Token→mentioned with→Solana(70%)
- Eric Adams / NYC Token→mentioned with→FTX(60%)
- Eric Adams / NYC Token→mentioned with→Meteora(60%)
- + 7 more
Live On-Chain Activity
1 address watched · via HeliusTimeline(14 events)
2 November 2021
Eric Adams elected Mayor of New York City after campaigning on making NYC the 'crypto capital of the world.'
NYC Mayor's Office21 January 2022
Adams announces his first mayoral paycheck will be converted to Bitcoin and Ethereum via Coinbase.
NYC Mayor's Office26 September 2024
Adams indicted by SDNY on five federal counts including bribery, wire fraud, and soliciting illegal foreign campaign contributions. He pleads not guilty.
DOJ / SDNY press releaseFebruary 2025
DOJ under Trump administration directs SDNY to drop charges against Adams. Acting U.S. Attorney Danielle Sassoon and eight prosecutors resign in protest.
NPR2 April 2025
Federal Judge Dale E. Ho dismisses Adams' indictment with prejudice, permanently barring re-prosecution on the same charges.
NPRMay 2025
Adams hosts Crypto and Digital Assets Summit at Gracie Mansion and announces a city Crypto Advisory Council.
CoinDesk policy coverageOctober 2025
Adams signs executive order establishing NYC Office of Digital Assets and Blockchain Technology.
NYC Mayor's Office12 January 2026
Adams announces the NYC Token at a Times Square press conference, claiming it will combat antisemitism and anti-Americanism. Token launches on Solana.
CoinDesk12 January 2026
NYC Token reaches an estimated peak market capitalization of $540–600 million shortly after launch, then collapses more than 80% within approximately 30 minutes.
Fortune13 January 2026
Bubblemaps and Lookonchain publish on-chain analyses showing wallet linked to token deployer withdrew approximately $2.43–$3.18 million USDC from the liquidity pool near the price peak. CoinDesk, Fortune, and The Washington Post publish rug-pull allegations.
CoinDesk / Bubblemaps13 January 2026
Eddie Cullen (Crescite / Innovate NY) alleges Adams appropriated his trademarked NYC Token concept and threatens a cease-and-desist letter.
The City NYC15 January 2026
Adams' team issues explicit denials through CoinDesk: 'Eric Adams did not move investor funds. Eric Adams did not profit from the launch of the NYC Token.'
CoinDesk16 January 2026
AP/NBC New York investigation identifies Frank Carone (former Adams chief of staff) and Yosef Sefi Zvieli as partners behind the token's creation. Brock Pierce says he was not consulted before launch.
NBC New York / AP2026
Investors file a class-action lawsuit alleging fraud in connection with the NYC Token collapse.
Yahoo Finance / DecryptDecision Log
- slot 455357487 · hash EJLaqXuzkmi9qMjHKHa8sHjwExC3gpkBZbBwb5EPH4LV
- slot 423902903 · hash FPS9yoAjEZH5ZWGynsga6RZWfekfuqGr982LHVG4aLXn
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 21 of 23 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/2/2026, 10:47:21 PM
last updated: 10/10/2026, 6:39:34 PM
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